Ultra Clean - UCTT Stock Forecast, Price & News

Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system. It also offers various industrial and automation production equipment; fluid delivery systems consist of one or more chemical delivery units, including PFA tubing, filters, flow controllers, regulators, component heaters, and an integrated electronic and/or pneumatic control system; precision robotic systems; top-plate assemblies; frame assemblies; process modules, a subsystem of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high-level assemblies. In addition, the company provides tool chamber parts cleaning and coating services; micro-contamination analysis services for tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination; and analytical verification services for process tool chamber part cleaning. It primarily serves original equipment manufacturing customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT opened at $33.72 on Tuesday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 19.27 and a beta of 1.96. The company has a quick ratio of 1.79, a current ratio of 2.81 and a debt-to-equity ratio of 0.59. The stock's 50-day simple moving average is $31.44 and its two-hundred day simple moving average is $36.55. Ultra Clean has a twelve month low of $26.00 and a twelve month high of $60.84.

Ultra Clean (NASDAQ:UCTT - Get Rating) last announced its earnings results on Thursday, July 28th. The semiconductor company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The business had revenue of $608.70 million for the quarter, compared to analyst estimates of $590.84 million. Ultra Clean had a return on equity of 20.19% and a net margin of 3.42%. The company's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. As a group, equities analysts anticipate that Ultra Clean will post 3.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TheStreet cut Ultra Clean from a "b-" rating to a "c+" rating in a report on Friday, July 29th. Cowen dropped their price objective on Ultra Clean to $42.00 in a report on Tuesday, August 9th. DA Davidson dropped their price objective on Ultra Clean from $80.00 to $65.00 in a report on Thursday, April 28th. Cowen dropped their price objective on Ultra Clean from $54.00 to $42.00 in a report on Monday, August 1st. Finally, Needham & Company LLC dropped their price objective on Ultra Clean from $45.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, July 29th.

Insider Activity

In other news, Director Jacqueline A. Seto sold 1,460 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $34.12, for a total transaction of $49,815.20. Following the transaction, the director now directly owns 11,809 shares in the company, valued at approximately $402,923.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.10% of the company's stock.